The Capital Development Authority (CDA) will hold a three-day open auction of 46 commercial plots and shops in Blue Area’s Parking Plaza, starting from July 15.
CDA Chairman Muhammad Ali Randhawa chaired a high-level meeting at CDA headquarters on Wednesday to review preparations for the auction.
The meeting was attended by senior officials including Member Administration & Estate Talat Mahmood, Member Finance Tahir Naeem, Member Environment Esfandyar Baloch, Member Engineering Syed Nafasat Raza, Member Planning Dr. Khalid Hafiz, and other relevant department heads.
The meeting also reviewed ongoing and future initiatives aimed at boosting the hotel industry, tourism, and sports infrastructure in the federal capital.
Chairman Randhawa stressed the importance of facilitating investors and directed that all possible support be extended to participants in the upcoming auction. He added that the commercial plots on offer are located in high-value zones and represent prime investment opportunities.
According to CDA officials, the auction will feature commercial plots and retail spaces in various categories, aimed at encouraging investment and enhancing Islamabad’s commercial profile.
The auction is expected to attract strong interest from business and real estate sectors due to the strategic location and growing demand for commercial space in the capital.
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